Question
Your text describes the assumptions associated with the rational model. Given those assumptions, identify a decision opportunity that will be beneficial in using this approach
Your text describes the assumptions associated with the rational model. Given those assumptions, identify a decision opportunity that will be beneficial in using this approach and discuss why.
In the bounded rationality model, Herbert Simon indicates that managers often choose to satisfice. Give an example of a decision opportunity in which it would be better to satisfice rather than optimize, and explain why.
In the Z model, Isabel Briggs Myers indicates that the final step involves weighing the impact. She indicates that you use feeling to determine how people involved will be affected by your choice. Analyze a decision in your own organization in which "weigh the impact" was taken into consideration. What was the result of the decision, in terms of effectiveness? Conversely, identify a decision that did not take this factor into consideration; what was the outcome? Is "weigh the impact" an important consideration to better decision making?
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